Riordan Lewis & Haden used a RIDEA partnership to achieve a cash return of more than 10x its investment, while retaining a significant minority stake in one of its healthcare portfolio companies, says PE attorney Chris Manderson.

Pat Haden is stepping down as a partner with private equity firm Riordan, Lewis & Haden, in order to become athletic director at the University of Southern California. He will remain an investor in RHL funds and on the board of portfolio company Apothecary Shops.

RLH Equity Partners has agreed to partner with Jim Morley to to seek portfolio company acquisitions in the consumer durables space. Morley and RLH previously worked together on both Igloo Products and Enviroworks.